Even though we are up 6 ticks on the days trading, it's been a volatile morning two and a half hours into trading. Our market, up sharply on the poor manufacturing news has been in a downtrend since. Although I don't want anyone to panic, this downtrend is very controlled, at least for the time being, and it could be investors feeling out the market and making sure there is support before re-entering and forcing the price higher and yields lower.
All things considered an up day is never anything to complain about, especially considering the fact that we're approaching historic highs. For those skeptics out there, this is why interest rates can now be secured at 4.25% with no cost... subject to credit approval of course. The point is while many wonder what they can do in this dismal economic situation. They rarely consider the benefits of securing a fixed rate that is this low. During a time when everyone is concerned about safe investments, and flights to safety, safe harbors, I can think I few better places than the home you live in and the cost associated with the property. Reducing this expense and fixing it for the duration of the term is probably one of the wisest financing decisions one can make at this particular time.
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